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Company Registration No. 11843092 (England and Wales)
Grand Redwood Properties Limited Unaudited accounts for the year ended 28 February 2023
Grand Redwood Properties Limited Unaudited accounts Contents
Page
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Grand Redwood Properties Limited Company Information for the year ended 28 February 2023
Director
Victor Inyang
Company Number
11843092 (England and Wales)
Registered Office
61 Bridge Street Kington HR5 3DJ United Kingdom
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Grand Redwood Properties Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
145,000 
145,000 
Current assets
Cash at bank and in hand
465 
846 
Creditors: amounts falling due within one year
(178,801)
(166,310)
Net current liabilities
(178,336)
(165,464)
Net liabilities
(33,336)
(20,464)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(33,436)
(20,564)
Shareholders' funds
(33,336)
(20,464)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2024 and were signed on its behalf by
Victor Inyang Director Company Registration No. 11843092
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Grand Redwood Properties Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Grand Redwood Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11843092. The registered office is 61 Bridge Street, Kington, HR5 3DJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.
Going concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2022
145,000 
At 28 February 2023
145,000 
Depreciation
At 28 February 2023
- 
Net book value
At 28 February 2023
145,000 
At 28 February 2022
145,000 
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Grand Redwood Properties Limited Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
2,908 
- 
Loans from directors
175,418 
166,071 
Accruals
475 
239 
178,801 
166,310 
6
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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